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RayRen: Good afternoon, TNT super-fantastic family! This is Marvelous Monday, January 29, 2018, with yours truly RayRat98 here along with Tony. Let’s got over some things. Let’s review from the weekend and the updates we sent you. It was reported that the rate is 1:1 in-country, and we had multiples of that so it’s pretty solid. I do think some information is being suppressed coming from Iraq, both for governments and citizens. Slowly but surely it will come out.

As for the campaign in the media about the lower denominations, people have been told not to discard them, because once the rate changes they will not be worthless. They are being trained to hold onto the lower denominations so that they can use them when the time is right.

From our banks, we were told the rates were going upwards, and now we hear they are coming back down again. It’s been moving, for whatever reason, so new figures may be reported on the screens. Some bank folks were seeing them on the screen this weekend and some were not.

I even had a family report from Baghdad that they actually had some lower denominations, and I will with speak with them this week. It’s nothing strange for some of these to leak out, so I’ll find out what is happening.

Tony: Good morning, TNT! We said the rate was $4.87 last time we talked on Friday, and our guy also said that the rate would go back down. ON Sunday, the call we got from the banker said that the rate was $4.71. We didn’t get rates this morning, but he could see all three currencies on the screen. This same guy who gave us the rates on Sunday couldn’t see them on Friday, and the Friday guy (from the same bank) could see all the rates on the screen. Last week we were given dates and times when this should happen – not this weekend, but possibly today. We are still being told this will happen by the end of the month, and there are only a few days left. I was told in December by a source in Iraq – that there were two documents about that. I give that person credit; they are hardly ever wrong. This person told me that this would NOT happen in December, but in January 2018, because he had seen the documents. I know that the plan was for us to do our part in December, but he did say it wouldn’t happen, and he was right. What DID happen is that Iraq signed some documents in December giving them 30 days to get this together. That date is coming up really quickly! That is running out, and that’s what we will all hearing about. There are only three days left in the month, because Thursday is 1. February. We discussed that over the weekend. Everyone in the US and Iraq have all been saying, “It was always going to be January!” Even my government sources here and there have been saying “But we don’t know the date!” However, it is supposed to be the 30th or 31st. That is according to that document Iraq signed. So although it could still come out today but I think Wednesday or Thursday is more likely. Monday is the day the banks do their reconciliation, Tuesday is the first real work day at the banks, and also trump will be making his State of the Union address and addressing the tax plan, and then the US will have to release this so that they can take credit for the upturn in the economy, and hide it in the tax plan.

Is Article 140 really needed for this to happen? They are working on it, for sure, I really don’t’ think it is required for this to happen. They have done too much, exposed too much for that to block it. We know that the rate on the cards has changed, they are talking about all this on Iraqi television, and they are explaining everything to the people – what’s going to happen, and the rate is going to go up again in the coming days. So this should be the time. Wednesday is the last day of the month and it should happen in January; they could move it by a day or two, but I really think it will happen this month. It’s been put out for the last couple of weeks that 30/31 will be the day.

Our guy said on Wednesday that some of the lower denominations have been distributed erroneously, by mistake. Ray said he knows a family who has them, but we haven’t talked to anyone in Iraq this morning. There is an article about “Weak currency brings in Speculators”; it talks about the history of the dinar, and about you/me buying dinar. It refers to 2008, with rates of the dinar, etc. It says the dinar rate could $1-3 dollars, and even back then we knew that was wrong. This is interesting about the history, and one of my Iraqi people brought it to my attention, if you want to share that.

Questions from the TNT forum

Q: I believe you mentioned on last Monday or Wednesdays call there had been exchanges in Canada, are you willing to say where in Canada? Ontario, Alberta or British Columbia and was it at a major bank? Also, have any further Canadian exchanges been reported since last week, and if so, were they in the same area and bank OR were they in a different area, same bank or different bank?A: I don’t remember saying there were exchanges in Canada, and I don’t have any information about that.

Q: Using the over $500,000,000 cap payout structure, are you saying the Bank would pay 1-10% per month? Totaling between 12%- 120% per year? Tony: Sometimes I think we give you all too much information. I am trying to give you information so that you can do some research for when you go to the bank. There are some people who will get monthly payouts, or even weekly payouts, but most will get yearly payouts. But you have to go in knowing what to ask AND have enough money to qualify so that they will do that for you. I do know someone who is setting up fro tier 2 interests rates, but that person has two billion dollars, and another has eight billion!RR: I think this person is thinking the interest rate has to do specifically to do with the structured payout after fitting the 500 million dollar cap on Zim.Tony: By all means, try for everything. So let’s say you have 500 million in Zim, and an additional 20 x 100 T notes. You can say “I need to receive 10% on my money because I know what you get at the bank – I know you get the overnights, and that is 22% per month, and you want me to accept 1-2% per year? I know about fractional banking, too, and I know my money on deposit with you is worth more that 2%!” So Google ‘overnight interest rates’ and what sweep accounts do; Google fractional banking. Go in armed, and if your wealth manager doesn’t know how their bank works, you can educate that person… and also take your money to another bank where they will give you better terms.

Q: I live in the Sacramento area too, and I’ve always planned to exchange at the Wells Fargo in the San Francisco Financial District. I was wondering if you think (or know) that the Wells Fargo in down town Sacramento (it is a currency exchange center) is going to have the delarue machine to verify that our currency is legal?Tony: I know that one you are talking about SF is a designated currency exchange location, and the one you are talking about in Sacramento is as well. There are three exchange locations in Sacramento, including the one on Y Avenue. There are plenty of people in Sacramento with dinar, and there will be exchange locations. I only know about Sacramento because they gave me the list; I don’t know about other locations.

Q1: Re-mentioning your reports of past of out of country citizens seeing a new rate on their cards, are any, few or many citizens in country seeing the new rate on their cards as of today? Are you getting specific reports of increased purchasing power? Can you share any examples?Tony: The people in-country have dinar on their cards, but they are not giving the exchange rate because they are not exchanging. People outside the country using their cards are giving an exact exchange as they are using them. The guy in the Green Zone says that the rate on his card is $3.71; he happens to be in Iraq this minute but he lives in the US. My other guy is in Kurdistan, and he got the rate because his kids are in the US at school, and they got a rate of $3.71 on Sunday. The person on the street is not seeing an exchange rate because they already get dinar. However, people on the street are seeing an in-country rate of 1:1. Q2: With the new rate showing on their cards (outside or inside country), is it learned by you and your intel team that there is a requirement to have the LDs released for the full blown RV to show up internationally? Or, is a new rate showing up electronically on their cards enough to inform the world of their new rate?A: At the moment they don’t need the lower denominations because they are paying for things using their cards. When people go over there and exchange, then they would be receiving the lower denominations, so yes, that is important for the RV. Q3: Finally, Tony has shared (hope he is on today) the previous 3 plans he has received and dates he was informed this would hit FOREX (1/2, 1/9 and by the end of the month). He also mentioned it was attempted at least 5 or 6 times before this during 2017. Is there a particular intel point either of you will share (or not but share your level of confidence about it) that shows you that this latest plan seems like the one that will prove as accurate?Tony: I have been told five times last year that they were trying to push this out. What is different now? The cards are showing a new rate – not just the cards of government people, but everybody’s cards have the same high rate. The fact that they are explaining the lower denominations to Iraqis; the fact that it’s being discussed on the television and bulletin boards; the fact that multiple banks have the lower denominations and are showing them to the citizens, ready to release them – those are all different. Here in the dinar community, we are often the first or only ones to say something, and now everyone is on the same page with the information they are getting from their people over there as well. Anything can still happen. We can only tell you the plan and information being put out to everyone, including the date. Now we just have to wait and see what they actually do it. I don’t believe anything else has to be done, and it looks like they are doing this part regardless of Article 140. They opened the airports and borders on Friday, and they are paying the military again. Abadi made the payments to Kurdistan, and they paid their people. The Kurds have done everything but say “Okay, you rule the country”, but I don’t think they’ll block it at this point.

Q: I have a revocable family trust established in 2008 of which I am the sole trustee. Please tell me the pros and cons of exchanging into it?RR: If you have been operating that trust and know what your doing, you shouldn’t need to ask me that question. I’m not trying to disrespect you, but you have missed a fundamental part of running that entity in your capacity as a fiduciary. You should already know what you are supposed to be doing and using that entity for. For those interested in using these entities, you should know that as soon as you give your currencies to the trust, you don’t own it any more. You have to do what is best for that trust, and giving others assets that belong to that trust is ill-advised and possibly illegal. Unless you have set the trust up to allow for gifts like that, you really cannot do what you want. Exchange into your own name, and then learn what entities you should utilize to do what you want.

Q: If I do not have an entity established when I exchange my currencies at the initial exchange and subsequently create a Trust or entity and transfer funds into the Trust does that transfer create a tax event?A: We spoke of that on the last call; there is a 50 million dollar exemption and over that the trust will be taxed IF it keeps it.

Q: From last call, it was expressed that the tax for our exchange would be an “excise tax” taken out before the transaction. Will there be something on the documentation for the exchange that shows the excise tax being taken out before the exchange on our transaction? Or is it expressed to be a part of our purchase of the currency we will exchange (which does not show up on any receipts I have for any of my currencies)? I just want to get credit for any taxes I will have due to be paid, and do not want to have to pay taxes twice for this transaction.RR: Some members are going wild on this excise tax thing, so let’s put it to rest.Tony: You are asking about government or bank procedures that I don’t know about. The government charged a tax as it was coming into the country, so you will not even see that tax. If there are further taxes, you need to consult with your tax professional. I don’t know how it will work, but the average person won’t even know this is taking place! That excise tax is paid before the currency is even yours, so you will not get tax credit for that.

Q: I know that a married couple can RV with no tax penalty. Can two siblings (brother sister) do the same?A: What?? If this exchange is a taxable event, then everyone will be liable to taxes unless they already have the currency in a tax-exempt or tax-deferred entity.. Nowhere that I know of can siblings use the same tax advantages as a married couple. Siblings don’t fill out a tax form together.

Q: If one is planning to go to Abbot Downing do you negotiate your rate prior to visiting Abbot Downing or doing the Abbot Downing appointment?A: Abbot Downing doesn’t do exchanges, so the question is moot. Abbot Downing is an investment house for high-value individuals. The exchange process is supposed to be a 20-minute process, and I don’t see how you would negotiate a different rate in 20 minutes. On the other hand, if you are sitting on billions of dollars, they will give you the time you need, and when you set up the appointment, they will send you to the right level of manager who can authorize the rates, interest, and perks you may be able to negotiate. We’re not from the government or the banks; all we can do is to give you the information they have passed on to us to make it easier for you to do your exchanges.

Q: I know Tony mentioned that we were to go this month, and that it was scheduled Friday but got moved to Monday. Are we still on that plan for this month or has the Cheese got up and walked off to sometime next month?Tony: There are only three days left in the month, and I’ve already given the biggest hint of what day this will go.

Q: For the exchange tiers that qualify for different rates, what are the tier cut-off points?A: it’s not rates that cut off the tiers, it’s privilege that cuts off the tiers. That’s just the way it is. It’s about who you know – somebody puts you on a list, that is just how it happens.

Q: Will we exchange before it hits Forex?A: The plan was always to give us ten days before it hits Forex. I don’t know what the plan is now, but it seems to be to get the money on the streets as quickly as possible to boost the economy.

Questions from live callers

865/404: When do you envision your Vegas celebration?Tony: Realistically, not until March. There are 9-10 thousand people who want to come, and I have to find a place large enough to hold that. I also want to line up people to talk to you during the day, people from banks to explain what they can do for you. Then I want to have a dinner so we can meet and talk, and then have a party in the evening. Just to put this thing together it might cost 10-20 million dollars. I want it to be about fun, and for you all to get together after all these years… it’s more a reward for hanging in there and doing things together. If we want to look at investment strategies, we’ll have another call. However, I do want to set up smaller groups to share ideas and strategies. I don’t need anyone’s money, but I will invest in things with you, because there are more of you researching things than I could ever do on my own. I’ve been offered deals in banks, oil wells, housing projects, all sorts of things. There are many projects that will make money; I’m more interested in new fields and industries, IPOs and such, so that we can cause a change in cities, neighborhoods, states, and out in the world. When they do those reports at the end of year, with new projects and jobs, I want to be part of that. For instance, Shark Tank is a great idea that can repeated locally, so we can each be a whale in our own ponds.

Caller: So do you believe the seminars in the 13 cities will be going through this weekend or next?

RR: That is the plan.

Caller: What is the latest rate for the Zim?

Tony: On Sunday, I got 10 cents; that was one banker, one screen. Rupiah = $1.08, dong = 47 cents, and dinar was over $6. I just gave you the rates I got yesterday. I tell you that because I made an adjustment to the rates because the real rates I got were too crazy to be believed. I thought the guy was so excited he was looking at the rate wrong. He said it was over six dollars for the dinar, with dong = $4.75, Zim = a dollar, and rupiah at $1.08. I wrote them down, but then I looked at it and said to myself “Zim is supposed to be between 11 and 22 cents, so he’s looking at this wrong.” I figured he messed some of these up by one decimal point. But someone in another state and another bank says they just received the same rates I heard yesterday! They are saying that’s what is on their screens! And that is from five states over – the exact same rates!

480 caller: Regarding the excise tax and otherwise this is not a taxable event, does that include state tax?

Tony: The information that we got, that this is a non-taxable event, comes from one of the committee members. We’ve been waiting for years for clarification, and I’ve said to put 50% aside in case it’s a taxable event. I will ask if they are putting out guidelines. ‘Non-taxable’ means ‘non-taxable for YOU’, because they took the excise tax before you go to exchange; they took the money before the currency ever comes to you. So it doesn’t matter what rate that excise tax may be, because you still get the same rate.

860 caller: Tony, I remember you said that you hoped to put a book together; any chance that we can acquire a copy so that we can see the inside story?

Tony: What I hear you asking is whether there is any way we can put together all the texts, recordings, chats, and all the other inside information and documents from bankers and Congresspeople…? I don’t know. Yes, we already have all that, but the book itself (with letters from members), that is something we intend to give to President Bush and President Obama. Actually, it’s more like 4-5 books. To include all the recordings, that’s really too much. We hope to set up a library for all this afterwards. I’ll have to see if we can put together something that everyone can have a copy of. [This would take a lot of editing.]

Caller: And could you and Ray autograph that book for me?

Tony: Sure. This lady sent me a puzzle with ‘Tony-isms’. I had copies of this made and autographed them for everyone. Ray passed them out at his classes, so people could have something personal to take away. We will try to do something like that in Vegas. Remember the TNT website, with hats, t-shirts, coffee cups? We’ll try to get some of that going, and have all the chat room moderators there so that you can meet them all. We’ll all have lots of money to spend, and after 30 days you will get tired of spending money, so you can come to Vegas and have fun for four days.

610 caller: if you are financially able to donate, please send your checks and money orders to Ray Renfrow, PO Box 1748, Elm City, NC 27822. You can also find the address at www.tntsuperfantastic.com; click on the Donate button and send your check today.

501 caller: We have a Regions Bank here and I have purchased dong several times. Last week, I asked for the price, and it was .0000514, $66.64 for a million. I wrote out a check, and in the meantime the gal looked at the book and the computer to check the rate. We chatted a bit and then they said, “We don’t sell for an investment.” She then called the main office and cancelled my purchase! Isn’t that strange, that the bank wouldn’t want you to buy currency through them?

Tony: It doesn’t make sense, except if they are changing the laws so that only qualified investors can buy currency. They probably want you to set up an investment account so that they can be sure you are qualified. I’m pretty sure that those regulations will be rolled back and you can be as wild and crazy as you want.

Caller: I’m just puzzled because they never asked me that before, and you’d think that if I was buying currency for investment, I would use that bank – but not any more!

281 caller: [chitchat] If Article 140 is not in place, can the US still go forward?

Tony: A article came out today saying that the Kurds need to be paid. However, that actually came out three weeks ago, and Iraq paid Kurdistan. They opened the airports, borders, and even the banks. So to me that suggests they are doing that to extend their time, if necessary, but it’s an excuse, not a reason.

Lower denoms leaked out? Erroneously distributed? Multiple banks have lower denoms and they are showing them to citizens? The RV was always going to be in January? 'They' gave you a list of exchange locations in Sacramento? People on the street in Iraq are seeing an exchange rate of 1 IQD-1 USD? It has to happen this month, but please donate to RayRen?

Tony: Good morning, TNT! We said the rate was $4.87 last time we talked on Friday, and our guy also said that the rate would go back down. ON Sunday, the call we got from the banker said that the rate was $4.71.